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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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FIRST MUTUAL CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST MUTUAL CORPORATION |
| Address | 523 HOLLYWOOD AVENUE
CHERRY HILL, NJ 08002 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 405 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $71,822,000 |
| Average Mortgage Loan Amount Applied For | $192,783 |
| Highest Mortgage Loan Amount Applied For | $2,760,000 |
| Average Applicant Income | $105,325 |
| Highest Applicant Income | $2,867,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
225 | $36,209,000 |
$160,000 | $2,760,000 |
$74,000 | $960,000 |
| Refinancing |
236 | $43,322,000 |
$183,000 | $2,100,000 |
$74,000 | $2,867,000 |
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| American Indian or Alaskan Native |
2 | $730,000 |
$365,000 | $560,000 |
$199,000 | $324,000 |
| Asian |
6 | $864,000 |
$144,000 | $370,000 |
$48,000 | $108,000 |
| Black or African American |
88 | $13,892,000 |
$157,000 | $468,000 |
$59,000 | $200,000 |
| Hispanic |
40 | $7,924,000 |
$198,000 | $760,000 |
$64,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $500,000 |
$166,000 | $312,000 |
$60,000 | $180,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
30 | $5,171,000 |
$172,000 | $430,000 |
$67,000 | $186,000 |
| White |
292 | $50,450,000 |
$172,000 | $2,760,000 |
$81,000 | $2,867,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
387 | $65,092,000 |
$168,000 | $2,760,000 |
$76,000 | $2,867,000 |
| FHA-insured (Federal Housing Administration) |
72 | $14,098,000 |
$195,000 | $355,000 |
$64,000 | $200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $341,000 |
$170,000 | $198,000 |
$50,000 | $61,000 |
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| Application Approved But Not Accepted |
65 | $8,584,000 |
$132,000 | $900,000 |
$55,000 | $300,000 |
| Application Denied By Financial Institution |
190 | $30,882,000 |
$162,000 | $760,000 |
$62,000 | $356,000 |
| Application Withdrawn By Applicant |
201 | $39,567,000 |
$196,000 | $2,760,000 |
$93,000 | $2,867,000 |
| File Closed For Incompleteness |
5 | $498,000 |
$99,000 | $134,000 |
$28,000 | $53,000 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
5 | $282,000 |
$56,000 | $100,000 |
$44,000 | $82,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $2,112,000 |
$140,000 | $560,000 |
$58,000 | $324,000 |
| Debt-To-Income Ratio |
4 | $372,000 |
$93,000 | $180,000 |
$40,000 | $106,000 |
| Employment History |
5 | $332,000 |
$66,000 | $119,000 |
$67,000 | $162,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $426,000 |
$142,000 | $304,000 |
$28,000 | $45,000 |
| Unverifiable Information |
1 | $148,000 |
$148,000 | $148,000 |
$43,000 | $43,000 |
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Mortgage Loan App Totals for FIRST MUTUAL CORPORATION by:
Metropolitan Area And
County
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